One of the most difficult leaps when digesting composite breadth data is “What do I do with it?”Â Most people get the fact that data on the constituents of an index or ETF makes sense and must, somehow, be useful.Â But no matter how many times I repeat the mantra “composite data is good, composite data will help you trade better, composite data is the best thing since sliced bread” it is hard to see the next step.Â Using it.
Introducing, Trade.MasterDATA.com.Â This new site, or actually, new section of the MasterDATA.com site, is dedicated to helping bridge the gap between “I believe the data is of value” and basing a trade on composite breadth data.Â As a beginning, it provides an up to date filter of some commonly followed applications of composite breadth data.Â But just because I say “commonly” don’t relegate the reports to the scrap heap without looking at them first.Â
First, there is the current day’s reports.Â This one is a gimme for anyone presenting trade indications.Â Several reports list indexes and ETFs matching certain criteria like 50% of constituents in an up trend or composites with more than 70% (orÂ less than 30%) ofÂ constituents trading above their 200 day moving average (this one is a long used institutional grade trade indicator).Â Current day filters like this are good, but we then go one step beyond.Â We go back for the previous 20 trade sessions providing the same reports and updating with current profit/loss, maximum gain and maximum loss.Â Go there and explore a bit.Â You’ll see what I mean (I hope).
If you have your own ideas for filters, let me know.Â IfÂ it makes sense, we’ll add them on.Â For now, all this is free and no subscription required.Â An RSS feed is also in the works.
Once again, here is the new URL:
Thank for your support.Â Enjoy.
Our Index / ETF Compilation List is adjusted to, once again, reflect the top 111 trade volume ETFs.Â Subject to our inclusion criteria, this list is revised monthly to continually contain the most highly traded, liquid US listed Exchange Traded Funds.
To review all of the additions / deletions to MasterDATA’s Compilation List since the beginning, click here or on “Compilation List Revisions” in the left column under “Categories”.
ETFs falling out of the top 111 top trade volume ETFs for two consecutive months are deleted. This means that an ETF on MasterDATA’s Compilation List will remain on the list for a minimum of two months. This also means that our compilation list will always number in excess of 111 ETFs on a continual basis.
For the current MasterDATA Compilation List, please click here.
Subscribers may click on the Index or ETF names below to see several charts on that issue.Â If you are not yetÂ a subscriber, click here for your free, no obligationÂ subscription to our Charts and Reports section.
New ETF Additions
These new additions ranked in the top 111 trade volume ETFsÂ onÂ August 2, 2008 (revisions are done the first weekend of each month).:
Potential Cut List:
The ETFs listed below previously ranked in the top 111 trade volume ETFs. Two consecutive months out of a top 111 ranking will result in the ETF being deleted from MasterDATA’s Compilation List. Charts, reports and datafiles continue to be generated for these ETFs until they fall below the top 111 ETFs for two consecutive months.
The deleted ETFs below experienced trade volume less than the top 111 ETFs for two consecutive months.